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IRCE

BST:IRQ
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IRQ
BST
€40M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

IRCE S.p.A. manufactures and sells winding wires and electrical cables in Italy and internationally. The last earnings update was 21 days ago. More info.


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IRQ Share Price and Events
7 Day Returns
5.2%
BST:IRQ
-0.9%
DE Electrical
-3%
DE Market
1 Year Returns
-32.1%
BST:IRQ
-12%
DE Electrical
-20.6%
DE Market
IRQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IRCE (IRQ) 5.2% -10.1% -13.4% -32.1% -26.5% -32.1%
DE Electrical -0.9% -25.5% -36.9% -12% -42.4% -44.4%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • IRQ underperformed the Electrical industry which returned -12% over the past year.
  • IRQ underperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
IRQ
Industry
5yr Volatility vs Market

Value

 Is IRCE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IRCE to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IRCE.

BST:IRQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.05
Payout Ratio Company Filings (2019-12-31) 2268.6%
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:IRQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.113 (1 + (1- 24%) (126.27%))
1.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.792 * 8.23%)
14.36%

Discounted Cash Flow Calculation for BST:IRQ using Dividend Discount Model Model

The calculations below outline how an intrinsic value for IRCE is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:IRQ Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.05 / (14.36% - -0.39%)
€0.3
BST:IRQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:IRQ represents 0.9375x of BIT:IRC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9375x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.34 x 0.9375
€0.32
Value per share (EUR) From above. €0.32
Current discount Discount to share price of €1.43
= -1 x (€1.43 - €0.32) / €0.32
-348.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IRCE is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IRCE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IRCE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:IRQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.07
BIT:IRC Share Price ** BIT (2020-04-03) in EUR €1.52
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.71x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IRCE.

BST:IRQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:IRC Share Price ÷ EPS (both in EUR)

= 1.52 ÷ 0.07

20.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRCE is overvalued based on earnings compared to the DE Electrical industry average.
  • IRCE is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does IRCE's expected growth come at a high price?
Raw Data
BST:IRQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.99x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IRCE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IRCE's assets?
Raw Data
BST:IRQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €4.95
BIT:IRC Share Price * BIT (2020-04-03) in EUR €1.52
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.87x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:IRQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:IRC Share Price ÷ Book Value per Share (both in EUR)

= 1.52 ÷ 4.95

0.31x

* Primary Listing of IRCE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRCE is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess IRCE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. IRCE has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is IRCE expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
68.3%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IRCE expected to grow at an attractive rate?
  • Unable to compare IRCE's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare IRCE's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare IRCE's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:IRQ Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 68.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:IRQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:IRQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 342 7 5 1
BST:IRQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 313 25 2
2019-09-30 322 11 1
2019-06-30 334 16 3
2019-03-31 347 12 4
2018-12-31 356 3 6
2018-09-30 364 8 5
2018-06-30 365 -9 4
2018-03-31 359 0 5
2017-12-31 358 -13 5
2017-09-30 344 -13 4
2017-06-30 328 -7 4
2017-03-31 311 -2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if IRCE is high growth as no earnings estimate data is available.
  • Unable to determine if IRCE is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:IRQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from IRCE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:IRQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.17 0.17 0.17 1.00
BST:IRQ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.07
2019-09-30 0.06
2019-06-30 0.13
2019-03-31 0.17
2018-12-31 0.22
2018-09-30 0.20
2018-06-30 0.15
2018-03-31 0.19
2017-12-31 0.18
2017-09-30 0.17
2017-06-30 0.16
2017-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if IRCE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IRCE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IRCE has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has IRCE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IRCE's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IRCE's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • IRCE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IRCE's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
IRCE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IRCE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:IRQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 312.95 1.94 30.20
2019-09-30 322.45 1.47 30.41
2019-06-30 334.34 3.50 31.24
2019-03-31 347.49 4.44 31.48
2018-12-31 356.28 5.88 31.86
2018-09-30 364.45 5.22 32.37
2018-06-30 364.90 3.98 31.85
2018-03-31 359.48 5.10 32.28
2017-12-31 357.66 4.69 32.23
2017-09-30 343.53 4.44 32.29
2017-06-30 328.18 4.31 31.71
2017-03-31 310.93 1.86 32.39
2016-12-31 296.33 -0.18 32.01
2016-09-30 300.21 -0.79 32.91
2016-06-30 315.42 -0.22 34.30
2016-03-31 335.41 1.00 33.47
2015-12-31 350.31 2.95 33.66
2015-09-30 361.94 6.61 34.38
2015-06-30 356.48 5.99 33.69
2015-03-31 352.47 4.97 33.10
2014-12-31 351.16 3.79 32.88
2014-09-30 348.70 1.64 32.51
2014-06-30 352.75 1.35 31.73
2014-03-31 352.06 1.03 31.81
2013-12-31 359.56 0.11 31.52
2013-09-30 363.95 0.94 31.00
2013-06-30 378.53 0.99 31.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IRCE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if IRCE has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • IRCE has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess IRCE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IRCE has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is IRCE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IRCE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IRCE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IRCE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IRCE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IRCE Company Filings, last reported 3 months ago.

BST:IRQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 131.50 51.05 9.02
2019-09-30 131.46 57.00 7.63
2019-06-30 133.32 69.35 6.98
2019-03-31 133.62 61.99 9.04
2018-12-31 131.30 67.03 7.02
2018-09-30 130.53 60.11 6.45
2018-06-30 130.20 78.52 6.08
2018-03-31 134.23 66.35 7.65
2017-12-31 132.40 62.65 7.75
2017-09-30 136.06 59.00 5.22
2017-06-30 135.53 61.53 7.00
2017-03-31 140.43 53.80 4.17
2016-12-31 135.08 44.28 7.78
2016-09-30 136.14 41.90 6.36
2016-06-30 136.53 50.18 6.16
2016-03-31 131.85 47.62 5.23
2015-12-31 130.83 51.65 5.40
2015-09-30 131.60 50.74 4.81
2015-06-30 141.27 55.18 6.77
2015-03-31 139.58 57.94 6.30
2014-12-31 137.72 56.68 6.57
2014-09-30 138.88 59.83 8.71
2014-06-30 139.30 69.09 7.02
2014-03-31 136.26 62.97 5.06
2013-12-31 133.04 68.03 5.63
2013-09-30 136.93 73.81 4.88
2013-06-30 138.74 96.49 4.30
  • IRCE's level of debt (38.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.2% vs 38.6% today).
  • Debt is well covered by operating cash flow (50.2%, greater than 20% of total debt).
  • IRCE earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess IRCE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IRCE has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is IRCE's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.97%
Current annual income from IRCE dividends. Estimated to be 3.29% next year.
If you bought €2,000 of IRCE shares you are expected to receive €39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IRCE's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • IRCE's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase IRCE before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:IRQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:IRQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.05 1.00
BST:IRQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.030 2.073
2019-03-22 0.050 2.743
2019-03-15 0.050 2.156
2018-04-03 0.050 2.230
2018-03-14 0.050 1.763
2017-03-15 0.030 1.210
2016-03-23 0.030 1.672
2016-03-14 0.030 1.546
2015-03-13 0.030 1.477
2014-03-14 0.010 0.518
2013-03-15 0.020 1.269
2012-03-30 0.060 3.894
2012-03-26 0.060 3.133
2011-03-30 0.060 2.974
2010-03-19 0.020 1.382
2010-03-16 0.020 1.436

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of IRCE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IRCE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IRCE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IRCE has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of IRCE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • IRCE has no CEO, or we have no data on them.
Management Team

Francesco Colleoni

TITLE
Executive Director
COMPENSATION
€141K

Elena Casadio

TITLE
Chief Reporting Officer
Board of Directors

Filippo Casadio

TITLE
Chairman of the Board
COMPENSATION
€283K

Francesco Colleoni

TITLE
Executive Director
COMPENSATION
€141K

Fabio Senese

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€35K

Gianfranco Sepriano

TITLE
Non-Executive Director
COMPENSATION
€82K

Orfeo Dallago

TITLE
Independent Director
COMPENSATION
€12K

Francesca Pischedda

TITLE
Independent Director
COMPENSATION
€12K

Gigliola Di Chiara

TITLE
Independent Director

Adalberto Costantini

TITLE
Standing Statutory Auditor
COMPENSATION
€25K

Donatella Vitanza

TITLE
Standing Statutory Auditor
COMPENSATION
€16K
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess IRCE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IRCE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

IRCE S.p.A. manufactures and sells winding wires and electrical cables in Italy and internationally. The company offers enameled copper and aluminum round wires, and copper and aluminum rectangular wires for use in electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. It also provides wiring cables, low voltage and medium voltage building and industrial cables, data cables, and power cords with plugs for the construction of electricity plants in residential and industrial buildings, as well as for the wiring and cabling of electrical appliances. The company was founded in 1947 and is based in Imola, Italy. IRCE S.p.A. is a subsidiary of Aequafin S.p.A.

Details
Name: IRCE S.p.A.
IRQ
Exchange: BST
Founded: 1947
€40,426,318
26,596,262
Website: http://www.irce.it
Address: IRCE S.p.A.
Via Lasie 12/A,
Imola,
Bologna, 40026,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT IRC Common Stock Borsa Italiana IT EUR 23. Dec 1996
OTCPK IRCS.F Common Stock Pink Sheets LLC US USD 23. Dec 1996
BST IRQ Common Stock Boerse-Stuttgart DE EUR 23. Dec 1996
LSE 0EVS Common Stock London Stock Exchange GB EUR 23. Dec 1996
BATS-CHIXE IRCM Common Stock BATS 'Chi-X Europe' GB EUR 23. Dec 1996
Number of employees
Current staff
Staff numbers
710
IRCE employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 21:19
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/13
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.